The Nigerian government has issued details of cash and asset recoveries made between 29 May, 2015 and 29 May, 2016.
Nigeria govt retrieves over $583m of looted funds and other assets
A summary report on the recoveries were made public via the government’s official twitter handle.
SUMMARY: Interim Report on Cash & Asset Recoveries by Fed Govt of Nigeria —29 May 2015 to 29 May 2016 #FGNRecoveries pic.twitter.com/OXap3Bml92— Aso Rock (@AsoRock) June 4, 2016
The FG made cash recoveries totaling N78,325,354,631.82; $185,119,584.61;
£3,508,355.46 &
€11, 250 Euros
from 29 May 2015 to 25 May 2016— Aso Rock (@AsoRock) June 4, 2016
Cash recoveries amount to some N78 billion, $185 million, £3.5 million and €11,000.
the tweets also indicate that the government is awaiting the repatriation of funds from foreign jurisdictions totaling some $320 million, £6.9 million and €11,800.
Funds Awaiting Return From Foreign Jurisdictions:
$321,316,726.1;
£6,900,000;
€11,826.11 Euros#FGNRecoveries— Aso Rock (@AsoRock) June 4, 2016
President Buhari had promised during a speech on Nigeria’s Democracy Day to provide details of all recovered stolen public funds as part of his war on corruption.